Morgan Stanley analyst Javier Martinez de Olcoz Cerdan downgraded Hypera to Equal Weight from Overweight with an unchanged price target of R$47.20. 2022 was a great year for revenue and margins for Brazil’s drug retailers and Hypera and Raia Drogasil should continue to expand market share, but now in a decelerating market, the analyst tells investors.
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Published first on TheFly